Professional Documents
Culture Documents
ACCOUNTING WORKSHEET
Name……………………………………………………….. Grade 10
1. Indicate how each of the following errors affected the net profit. Indicate “no
effect”if the error does not affect the net profit.
Example: Purchases was undercast, N$ 200
No. Errors How error Action
affected required to
net profit correct the
error
(i) Prepare a statement of corrected net profit to calculate the correct net
profit for Joseph Edward for the year ended 31 October 2016.
Joseph Edward
Statement of corrected net profit for the year ended 31 October 2016